UK 
United States
Bosses around the country have been announcing various initiatives to support financial wellbeing as the cost-of-living crisis continues to impact many people around the UK.
One of the latest firms to support the financial wellbeing of its staff is Taylor Wimpey. According to Sky News, the housebuilder will hand the majority of its workforce a £1,000 payment on top of their salaries to help them cope with the soaring costs of bills. “We have been closely monitoring the impact of rising inflation and the predicted increase in fuel bills this winter on the cost of living for our employees," Taylor Wimpey told the publication.
The £1,000 top up will be given to staff members on salaries of up to £70,000 – meaning that circa 90% of the workforce will be eligible for the payment. The money will also be paid in monthly instalments from September to February. Additionally, the organisation said it has been reviewing wages “to ensure competitive levels of pay, alongside our excellent benefits package.”
The cost-of-living crisis
This news comes as many people in the UK grapple with inflation at 9.4%, and increased costs when it comes to grocery shopping, filling up cars and paying for energy. Not only is this a cause of concern for many UK households, it is impacting businesses (and their staff) too which is why so many organisations are stepping in to help.
